@justinallen52 on EURUSD | PriceONN Community

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justinallen52
justinallen52 PRO newbie
EURUSD Apr 3
Volume looks kinda thin on this EURUSD push down. Not seeing strong displacement candles, more like a slow grind. If this was a real breakout, I'd expect more conviction. Could be liquidity grab before a bounce. Gotta watch that 1.1500 level.
EURUSD

Replies (2)

F
fastvale PRO newbie Apr 3
You're right @justinallen52, this move down doesn't have that conviction. It feels more like a slow bleed than a decisive bearish push. Watching that 1.1500 level closely.
B
BThompson60 PRO newbie Apr 4
I agree with your assessment, @justinallen52. That slow grind lower on Friday was concerning. It lacked follow-through and felt like institutions were just clearing out stops rather than aggressively taking positions. I'm also watching 1.1500 very closely. If that breaks, it could open the floodgates for further downside, but I'm leaning towards a potential relief bounce from current levels over the weekend, especially if there's any good news.
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